Manhattan Beach Leads Market In $1Million+

Another signal that the housing market is turning around: Statewide, more than 7,700 homes sold for $1 million or more in the April-June quarter, a nearly 80 percent jump from the previous three months and 18.5 percent higher than a year earlier, according to Dataquick. The quarterly sales figure was the highest since the July-September period in 2007. Part of the jump could be due to a general increase in prices, pushing a home that had been valued in the high six figures to $1 million or more. The vast majority of homes – 5,100 – were in the $1-million to $2-million range, while only 188 were sold for $5 million of more. As you can see from the list below, provided by DataQuick , Manhattan Beach had the largest number of million-dollar sales in Southern California, followed by Newport Beach, Beverly Hills and Rolling Hills Estates. Ranking below is by ZIP code, location, number of sales in quarter and most expensive home.